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Columbia shareholder Yurkowski buys 3.25 million shares

July 15, 2010 – Edward Yurkowski (“Yurkowski”) wishes to announce that he has purchased 3,250,000 common shares (the “Shares”) of Columbia Yukon Explorations Inc. (the “Company”) through the facilities of the TSX Venture Exchange.  Prior to the purchase of the Shares, Yurkowski owned 2,589,000 common shares of the Company.

At present, Yurkowski owns an aggregate of 5,839,000 Shares of the Company, for a total of approximately 15.05% of the outstanding common shares of the Company, assuming no other common shares are issued by the Company.

Yurkowski has acquired the Shares for investment purposes and may acquire further securities of the Company for investment purposes, in the market or privately, from time to time. 

This news release is being issued pursuant to Part 3 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators.  A copy of the report filed by Yurkowski in connection with the acquisition of the Shares is available on the Company’s SEDAR profile, and it can also be obtained directly from Yurkowski by contacting him at the number shown above.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

“Edward Yurkowski”
Edward Yurkowski